Deus
Short

XAUUSD and XAGUSD

FX:XAGUSD   Silver / U.S. Dollar
The rally that was spotted long before it started overshoot by a lot. Though it is possible in abcde and nowadays is even likely to happen. Taking shorts here. Surprisingly metals and US stocks have moved in unison on tiny volumes before and during holidays. What would it mean? Usually, they move in the opposite direction. I expect this correlation to break soon with stocks plunging and metals rising.

Comments

You really think that Silver will correct from here to below 16.50? That would be lower than the break out trend line. To me it looks like it’s finally breaking out after a long consolidation, heading to a 22 target-price.
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